2304 Torrance Blvd, Torrance, California 90501, Torrance, 90501 - 0 bed, 0 bath
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Torrance, California 90501
This triplex presents a High-Potential Investment Opportunity with a List Price of $1,099,000—positioned well above the $814,254 Fair Market Value by -34%. Featuring a Condition Rating of 6, the property is at the end of its functional life, emphasizing the 7,203 sqft corner lot as the primary asset. Located near Torrance High School, this site offers significant redevelopment potential for Buy-and-Hold Investors and Developers seeking to capitalize on land value and long-term appreciation in a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2304 Torrance Blvd Subject | $1,099,000* List Price | 0 | 0 | 1,616 | $504 | - |
A 1629 Amapola Avenue Sold | $1,024,000 | 0 | 0 | 1,784 | $574 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1928 (96 years old) with no recorded renovations. The listing description explicitly emphasizes redevelopment, repositioning, and land value, suggesting the existing triplex is at the end of its functional life and the value lies in the lot.
The expansive 7,203 sqft corner lot offers significant upside for redevelopment or repositioning, especially with an adjacent lot also available for purchase to create a larger footprint.
Situated in the highly desirable Old Torrance area, the property is walking distance to the top-rated Torrance High School and minutes from Historic Old Town and Del Amo Fashion Center.
As a triplex in an A+ location, this property provides immediate rental income with long-term appreciation potential for investors, developers, or owner-users.
Originally built in 1928, the structure likely requires substantial capital improvements or modernization to meet current market standards and maximize rental yields.
Located on Torrance Blvd, a major arterial road, the property may experience higher noise levels and traffic congestion, which could impact residential desirability for some tenants.
Located in one of the most sought-after neighborhoods in the City of Torrance, this expansive corner lot features a three-unit building, with an adjacent lot also available for sale. This is an exceptional opportunity for investors, developers, and owner-users alike, with tremendous upside potential for repositioning, redevelopment, increased rental income, or long-term appreciation. Large land opportunities in this prime location are increasingly rare, making this a unique chance to capitalize on both current and future value. Conveniently situated just minutes from major freeways, public transportation, shopping, Historic Old Town Torrance, and the Del Amo Fashion Center, this offering provides the opportunity to own a substantial piece of land in an A+ location with endless potential.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 mi
Grades 6-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,616 | 1,752.5 | 42% |
| Lot Size | 7,203 | 6,825 | 50% |
| Price | $1.10M | $1.08M | 58% |
| Price per sq ft | $680 | $594 | 83% |
| Built year | 1928 | 1944 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 96 | 8% |
May 12, 2026
$1,099,000
Initial Listing